Friday, July 25, 2008

WSJ: Energy Top Economic Issue For Voters

A new Wall Street Journal/NBC News Poll finds that Energy, including gasoline and utility costs ranks as the economic issue that voters say affect them the most personally. American want to use more domestic supplies instead of being so dependent on foreign supplies.

Speaker of the House Nancy Pelosi, D-CA a staunch opponent to off shore drilling and drilling in the Arctic has stated that she will not permit a vote to take place on the House Floor that would permit drilling for Oil. More here from Hot Air.com

In a new study just released by the U.S. Geological Survey, the area north of the Arctic Circle has an estimated 90 Billion barrels of undiscovered technically recoverable Oil and there is also 1,670 Trillion Cubic Feet of technically recoverable natural gas. More than half of the undiscovered oil resources are estimated to occur in just three geologic provinces Arctic Alaska, Amerasia Basin and East Greenland Rift Basins.

The Do Nothing Congress, will likely take their Summer Recess Break without passing any legislation to curb energy costs and for the first time in almost 60 years, the Congress now controlled by the Democrats will leave Washington in August to chase votes and vacation without passing any of the appropriations bills necessary for Fiscal Year 2009 which begins October 01